Michael Short Appointed As CoBank’s Chief Credit Officer

CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, today announced that Michael Short has been appointed as the bank’s new chief credit officer. Short’s appointment is effective January 1, 2019.

Short has served as interim chief credit officer at the bank since August when Bill Davis, CoBank’s preceding chief credit officer, was named as the bank’s executive vice president for Farm Credit Banking. Short joined CoBank in 2013 as special assets group manager, and has since held leadership positions in Capital Markets and Credit Approvals before accepting the interim chief credit officer role. He began his financial services career more than 25 years ago with Bank of America, and went on to John Hancock, where he held several senior positions during his eleven years there, including five years managing special assets teams.

“We’re very pleased that Mike will serve in this role for CoBank,” said Timothy Curran, chief risk officer. “Mike’s many years of expertise in financial services and dedication to our mission of service to rural America make him a great fit for a role so vital to the bank and to managing credit risk across our loan portfolio.”

“I’m honored to serve in this role for the bank and for our customers,” Short said. “CoBank has an outstanding team of credit professionals and it is a privilege to be part of that team. I look forward to building on the bank’s long track record of dependability in providing credit and financial solutions to rural America.”

About CoBank

CoBank is a $128 billion cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 70,000 farmers, ranchers and other rural borrowers in 23 states around the country.

CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.

For more information about CoBank, visit the bank's website at cobank.com.

Forward-Looking Statements

Certain of the statements contained in this news release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual future business may differ materially and adversely from our expectations expressed in any forward-looking statements. Forward-looking statements are typically identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “plan,” “project,” “target,” “may,” “will,” “should,” “would,” “could,” or similar expressions. Although we believe that the information expressed or implied in such forward-looking statements is reasonable, we can give no assurance that such projections and expectations will be realized or the extent to which a particular plan, projection or expectation may be realized. These forward-looking statements are based on current knowledge and subject to risks and uncertainties. We encourage you to read our Annual Report and Quarterly Reports located on the bank’s website at www.cobank.com. We undertake no obligation to revise or publicly update our forward-looking statements for any reason.

Contact

Arthur Hodges
Senior Vice President, Corporate Communications
303-740-4061
ahodges@cobank.com

Jo Solonika
Vice President, Corporate Communications
720-583-9180
jsolonika@cobank.com